Wednesday, February 1, 2023

Microsoft Continues Discussions to Acquire TikTok

By ET Bureau - August 03, 2020 1 Mins Read

Microsoft Corporation has recently announced that it would continue discussing with the Chinese internet giant, ByteDance – to acquire a short-video app TikTok. The tech giant is aiming to conclude the negotiations by mid-September.

It made the statement after a conversation between CEO Satya Nadella and US President
Donald Trump. Microsoft would ensure all the private data of American TikTok users are
transferred to and be in the United States only.

According to the company, “Microsoft fully appreciates the importance of addressing the
President’s concerns. It is committed to acquiring TikTok subject to a complete security
review and providing proper economic benefits to the United States, including the United
States Treasury.”

Source: reuters



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ET Bureau

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